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Avantium and R&F Chemical partner to market high-value PEF in South Korea

Avantium Renewable Polymers, a business division within the Netherlands-based bioprocess technology developers Avantium N.V., and South Korean chemical major R&F Chemical announce their marketing and development partnership for high-value markets for polyethylene furanoate (PEF) in electronics and smart packaging in South Korea.

Biobased PEF bottles (photo courtesy Avantium).

Biobased polyethylene furanoate (PEF) bottles (photo courtesy Avantium).

According to Avantium, this partnership is further validation of Avantium’s strategy to focus on high-value applications for polyethylene furanoate (PEF) for its 5 000 Flagship Plant with a planned opening in 2023, announced on the Technology & Markets Day of Avantium in June 2019.

With the announced partnership of R&F Chemical with Avantium Renewable Polymers, Avantium has expanded its relationship with R&F Chemical into the area of PEF, a 100 percent plant-based and fully recyclable performance polymer-based on Avantium’s proprietary YXY plants-to-plastics technology.

We are honoured to work together with Avantium to make Avantium’s PEF available to high-value performance products in South Korea. PEF has the capacity to significantly improve the performance and sustainability of our customers’ end products, said Peter Park, CEO of R&F Chemical.

The Catalysis business unit of Avantium already joined forces with R&F Chemical in 2018 to boost its Catalysis business in South Korea. R&F Chemical brings a long-standing and excellent network in polymers and chemicals in South Korea, which has highly-advanced performance materials- and chemical sectors.

Through R&F Chemical, Avantium Renewable Polymers expects to enter this market for high-value applications such as electronics and smart packaging.

Avantium Renewable Polymers sees a fast-growing interest for PEF in high-value markets across the globe. R&F Chemical is highly respected as a leader in the development and marketing of high-performance sustainable plastics. The South Korean industry is deeply committed to innovation. We are therefore very pleased to enter into a partnership with R&F Chemical who brings us access to important market players in South Korea, said Marcel Lubben, Managing Director of Avantium Renewable Polymers.

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